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30-10-2014 22:52:00 | by: Administrator | hits: 14248923 | Tags:

African leaders urged to recommit to boosting continent’s agriculture sector
18-12-2018 | 09:15:00
ECA’s African Trade Policy Centre Programme Management Officer has urged African leaders to honour their commitment to allocate 10% of their budgets to agriculture to improve continent's food security, reduce poverty and spur economic growth.
GreenTec Invests in Tanzanian organic honey producer Afrilife
18-12-2018 | 08:35:08
GreenTec has announced its investment in Afrilife, a Tanzania-based producer of organic honey and bee products.
UNCTAD, Trade Mark East Africa sign deal to boost trade
17-12-2018 | 11:35:37
The United Nations Conference on Trade and Development (UNCTAD) and TradeMark East Africa (TMEA) have signed an MOU which is aimed at boosting trade in East Africa.
AfDB approves $75 million to DAL Group to transform Sudan’s food and agriculture
17-12-2018 | 11:30:08
The African Development Bank has approved its first private sector investment in Sudan in a multi-currency loan equivalent to $75 million to DAL Group.
ENGIE to fuel first buses with compressed natural gas in Cote d’Ivoire
17-12-2018 | 11:06:03
Cote d’Ivoire has unveiled a fleet of buses commissioned by the Société des Transports Abidjanais (SOTRA), supplied by IVECO and fuelled by compressed natural gas. ENGIE.
[South Africa] Eskom, Agence Française de Dévelopement sign loan agreement
17-12-2018 | 10:57:37
Eskom and the Agence Française de Développement (AFD) have signed a € 90 million loan agreement to support the electricity utility’s investments.
Angola joins the forum of gas exporting countries
17-12-2018 | 10:52:43
Angola has been admitted as an observer member of the Forum of Gas Exporting Countries.
South African government launches $140 million fund for startups
17-12-2018 | 10:48:42
South African government has launched a $140 million fund to help small business start-ups that are geared towards creating employment opportunities.
[Ghana] Emergent Technology acquires InterPay Africa
17-12-2018 | 10:41:34
Emergent Technology Holdings LP, a global financial technology company has acquired Interpay Africa, a payments processor based in Ghana.
[SA Business Week] Mixed fortunes for public and private sectors
14-12-2018 | 19:30:00
The public and private sectors have this week recorded heightened activities with partnerships, trade and capital markets dominating headlines.
East African bloc commits to make regional trade cheaper, faster and simpler
14-12-2018 | 15:19:14
Burundi, Kenya, Rwanda, the United Republic of Tanzania, and Uganda have agreed to make trade between them and with other countries cheaper, faster and simpler.
Afreximbank launches $1 billion programme to promote Nigeria-Africa trade
14-12-2018 | 15:15:22
The African Export-Import Bank (Afreximbank) has signed an agreement with the Nigerian Export Promotion Council and, launching a $1-billion Nigeria-Africa Trade and Investment Promotion Programme.
[Mauritania] Government awards Total two oil exploration and production contracts
14-12-2018 | 09:05:00
Mauritania government has awarded Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania.
EU commits €108 million to improve Niger’s social policies, good governance and access to electricity
14-12-2018 | 09:00:00
The European Union is mobilizing an extra €108 million for social policies, security, good governance and access to electricity in Niger.
[Burkina Faso] Roxgold announces completion of Bagassi South Project
14-12-2018 | 07:01:40
Gold mining company Roxgold Inc.has announced completion of the Bagassi South Project in Burkina Faso under budget and on schedule.
Lendable expands access to credit across Sub-Saharan Africa
14-12-2018 | 06:56:06
Lendable, Inc., a New York and Nairobi based technology-enabled funding provider to frontier market alternative lenders has announced expansion of credit model in Africa.
ACWA Power collaborates with ECOHZ to empower Morocco women
14-12-2018 | 06:49:15
ACWA Power has announced collaboration with ECOHZ to empower local women and support communities in Morocco.
[Column] Bob Koigi: Africa’s silver bullet is in its new tribe
13-12-2018 | 13:29:59
In East Africa, a group of vanguard youthful innovators are transforming the region into a tech powerhouse through modern innovations.
[Kenya Business Week] Conquering the skies, an innovation at a time
13-12-2018 | 13:27:58
Weeks after launching direct flights to the United States, Kenya is streamlining its aviation sector further.
BTC Credit raises $1million investment within days of private sale launch
13-12-2018 | 13:21:01
BTCCredit is set to disrupt the billion dollar lending industry with its innovative platform that aims to make peer-to-peer (P2P) crypto lending mainstream.
[Egypt] IFC invests $1 million in Vezeeta to bolster health innovations
13-12-2018 | 11:09:17
IFC is investing $1 million in Vezeeta, an Egyptian technology company that operates an online platform that allows patients to quickly find doctors.
Mondelēz International sells African cheese business to Arla Foods
13-12-2018 | 11:05:09
Mondelēz International, Inc. is set to sell Kraft-branded Cheese Business in Africa and Middle East to Denmark dairy company Arla Foods.
South Africa deposits instrument ratifying Tripartite Free Trade Area
13-12-2018 | 08:36:30
South Africa has deposited the instrument of ratification of the Agreement establishing the Tripartite Free Trade Area.
Vubiquity partners with TelOne to launch video on demand services in Zimbabwe
13-12-2018 | 08:29:00
Vubiquity, has announced a deal with Discover Digital to provide new international content in Africa starting with TelOne DEOD, Digital Entertainment On Demand, in Zimbabwe.
Africa is an extremely important market for South Africa, Trade Minister
13-12-2018 | 07:04:00
South Africa Minister for Trade and Industry Dr Rob Davies said that South African business people should consider the continent as an extremely important market, especially for trade in value added products.
[Morocco] Royal Air Maroc receives first B787-9 Dreamliner from Boeing
13-12-2018 | 06:26:15
Boeing has delivered the first 787-9 Dreamliner for Royal Air Maroc, introducing a second member of the super-efficient Dreamliner family to the airline's fleet.
Mahindra delivers its first order to South Africa rental fleet industry
13-12-2018 | 06:22:47
In May this year, car maker Mahindra opened its first assembly facility in South Africa.
[Malawi] Mkango renews license for Songwe Hill Rare Earths project
13-12-2018 | 06:19:41
Rare earths exploration and development company focused on Malawi Mkango Resources Ltd., has announced that the Government of Malawi has granted a further two-year renewal.
Afreximbank, Heirs Holdings sign $600 million financing agreement to scale energy investments
12-12-2018 | 13:39:00
Afreximbank, has signed financing facilities totaling $600 million with the Heirs Holdings Group.
Ecobank appoints MFS Africa as digital payment partner
12-12-2018 | 13:22:25
Pan-African bank Ecobank has appointed MFS Africa as digital payment partner enabling cross-platform payment services for Ecobank account holders.
[South Africa] Actis sells Compuscan to Experian for $36 million
12-12-2018 | 13:16:48
Actis, a growth markets investor, has announced their agreement to the sale of Compuscan, a provider of credit information and analytics services, to Experian.
AfDB and Entreprenarium launch master classes for 200 women entrepreneurs
12-12-2018 | 10:53:27
The African Development Bank, as part of its Initiative to Support Access to Women in Africa (AFAWA), in partnership with Entreprenarium, has launched training sessions for 200 women entrepreneurs.
[Angola] Bongani Investment group invests €3.5 million in ornamental rocks
12-12-2018 | 10:53:00
At least 3.5 million euros have been invested by the Alaturca Pedras Naturais plant, a company belonging to the Bongani Investment group, in the second line of cutting and polishing of ornamental rocks,
Fitch downgrades Nigeria's Diamond Bank ratings
12-12-2018 | 08:09:53
Fitch Ratings has downgraded Diamond Bank Plc's Long-Term Issuer Default Rating (IDR) to 'CCC' from 'B-' and Short-Term IDR to 'C' from 'B'.
Continental free trade area to boost e-commerce in Africa
12-12-2018 | 08:05:33
Opportunities abound for Africa to engage in and benefit from e-commerce and the digital economy as the African Continental Free Trade Agreement comes into force.
IDOOH partners with Abercairn Digital to bring in-taxi entertainment to Nigeria
12-12-2018 | 06:35:00
IDOOH International has expanded to Africa through a partnership with Nigeria’s Abercairn Digital to deploy 1,000 in-vehicle media screens with ride-hail drivers in Lagos.
EU announces €125 million funding for the Sahel region
12-12-2018 | 06:23:09
The EU has announced new funding totaling €125 million for the Sahel countries.
Rosewood sale and global Wildlife Convention fuels forest crimes in Guinea-Bissau, report
12-12-2018 | 06:21:07
A new report by EIA documents how the sale of 180,000 rosewood logs in Guinea-Bissau is fueled by high-level corruption, encourages illegal logging, and threatens local communities.
Kenya becomes first country to adopt air cargo quality platform
11-12-2018 | 13:13:16
Kenya is set to become the first country in the world to adopt TIACA’s new Cargo Service Quality (CSQ) tool nationwide.
Ethiopian Airlines launches four weekly flights to Manchester
11-12-2018 | 13:03:00
Ethiopian Airlines has inaugurated flights to Manchester, its second destination in the UK next to London.
US-China rivalry in Africa set to sharpen in 2019, Control Risks says
11-12-2018 | 09:37:00
Early signs suggest that the US-China rivalry will find its way to the African continent in 2019.
Kenyan private sector completes one year of growth, Stanbic Bank report
11-12-2018 | 09:32:00
According to a report released by Stanbic Kenya PMI, operating conditions in Kenya’s private sector economy improved solidly in November, although the rates of growth in output and new orders were marginally below those seen in October.
[Ghana] Special Ice picks Redavia to set up its first solar farm
11-12-2018 | 09:30:52
Special Ice, a manufacturing company in the beverage industry in Ghana, has chosen REDAVIA, to establish its first solar farm in Ghana.
Africa has over 21 million online shops, UNCTAD report
11-12-2018 | 06:28:34
Although e-commerce is snowballing in Africa, with more than 21 million Africans shop online, countries are at very different stages of development.
Kenya eyes investment in aviation infrastructure to grow trade
11-12-2018 | 06:19:41
President Uhuru Kenyatta has affirmed Kenya’s commitment to improving the civil aviation infrastructure.
Mastercard and DPO Group target 40k Pan African merchants with new payment system
11-12-2018 | 06:08:00
Mastercard and DPO Group have partnered to enable more than 40,000 African merchants to accept Mastercard payment.
[South Africa] Ernst & Young partners with Motlanalo Chartered Accountants and Auditors to grow skills
11-12-2018 | 05:58:00
Assurance, tax, transaction and advisory services company Ernst & Young has announced a partnership with with South Africa’s Motlanalo Chartered Accountants and Auditors Incorporated.
European Union mobilizes €50 million for structural reforms in Mali
10-12-2018 | 13:04:14
The European Union is stepping up cooperation with Mali and the implementation of structural reforms to improve security, governance and access to basic services in the country.
IFC invests $6 million in Kobo360 to boost supply chain for African mass market goods
10-12-2018 | 13:03:46
IFC has announced a $6 million equity investment in Kobo360 Inc, a tech-enabled e-logistics platform that connects the supply of trucks with the demand for transportation services by cargo owners in Nigeria.
CBRE, Excellerate partner to meet rising demand for real estate services in Africa
10-12-2018 | 10:59:22
CBRE Group, Inc and Excellerate Property Services have partnered to meet the growing demand for high-quality real estate services in Africa.
IMF approves $3.7 billion facility to support Angola’s economic reforms
10-12-2018 | 10:56:00
The Executive Board of the International Monetary Fund (IMF) has approved a $3.7 billion facility to support Angola’s economic reform program.
Senegal, Kenya, South Africa and Egypt projects reap from low carbon initiative
10-12-2018 | 08:26:26
A new report has highlighted the impact of a project implemented by the United Nations Industrial Development Organization.
North Africa mobile phone market sees strong growth as demand for feature phones surges, IDC
10-12-2018 | 08:26:00
The North Africa mobile phone market, comprising Egypt, Tunisia, Algeria, and Morocco, saw year-on-year shipment growth of 11.5% in the third quarter of 2018.
Seraphim opens first African solar cell factory in South Africa
10-12-2018 | 06:30:19
Seraphim Solar System Co. Ltd has announced the inauguration of a new 500 MW solar cell factory in the Coega Industrial Development Zone of Port Elizabeth, South Africa.
Mammoet expands to Africa with Ghana unit
10-12-2018 | 06:21:07
Dutch based logistics company Mammoet is expanding its footprint in Africa with the opening of a new office in Accra, Ghana.
IFAD invests $210 million to support 30,000 Ugandan households who rely on palm oil
10-12-2018 | 06:14:03
Over 30,800 vulnerable rural households in Uganda will benefit from a $210.4 million project that aims to sustainably increase rural livelihoods by supporting an efficient oil palm industry.
[SA Business Week] Investment wave boosts country’s earnings, attractiveness
08-12-2018 | 19:02:00
South Africa continues to be the continent’s preferred destination for international investors due to its competitive market, favorable political climate, a booming middle class and strategic location.
Addis International Bank, WorldRemit target 2 million Ethiopians in diaspora with money transfer service
07-12-2018 | 13:05:00
Global digital money transfer service WorldRemit has joined forces with Addis International Bank for digital money transfers.
Societe Generale launches Grow with Africa strategic plan to firm continental foothold
07-12-2018 | 13:02:00
During a trip to Dakar, Societe Generale group confirmed the solid growth of its African operations, in line with its “Transform to Grow” strategic plan.
[Angola] IFAD to invest $7.6 million in agriculture projects across eight municipalities
07-12-2018 | 08:30:00
The International Fund for Agricultural Development (IFAD) will support the Angolan Government in the implementation of the ARP, with a $ 7.6 million financing.
[Kenya] Azuri, Unilever launch e-voucher system for off grid customers
07-12-2018 | 06:20:00
Pay-as-you-go solar pioneer Azuri and consumer goods company Unilever have launched an e-voucher system designed to help off-grid rural consumers in Kenya access consumer goods and services via pay-as-you-go solar.
[South Africa] Government launches $170m special economic zone to bolster investment
07-12-2018 | 06:16:00
The South African government has launched a special economic zone in Atlantis to attract large-scale investment.
IFC identifies 100 startups that are key to speeding up innovation in Africa
07-12-2018 | 06:14:00
IFC and Egypt’s Ministry of Investment and International Cooperation have selected over 100 high-potential start-ups to participate in a new initiative designed to spur innovation in Africa.
Boehringer Ingelheim launches LastMile initiative targeting animal healthcare in Sub Saharan Africa
07-12-2018 | 06:10:00
Boehringer Ingelheim has launched the ‘LastMile’ initiative, an integrated, solutions-driven programme that seeks to address crucial animal health challenges.
[Kenya Business Week] Manufacturing, automation and job creation nexus
06-12-2018 | 13:28:21
Even with mounting fears that rapid automation could reduce the number of jobs in the Kenya’s manufacturing sector, a new report posits that digital technologies can, in fact, boost job creation.
Africa Governance Report calls for sustainable management of natural resources
06-12-2018 | 11:47:03
The fifth edition of the African Governance Report has examined efforts made to improve the governance of Africa’s abundant natural resources.
United States, Republic of Congo sign open skies air transport agreement
06-12-2018 | 11:41:00
The US and Republic of Congo have signed a new open skies air transport agreement which seeks to strengthen the civil aviation partnership between the two countries.
East African Community, France hold bilateral talks
06-12-2018 | 09:16:43
The Secretary General of the EAC, Amb. Liberat Mfumukeko has held bilateral talks with a French government delegation.
Egypt, Israel announce $15 billion gas export deal
06-12-2018 | 07:23:09
A $15 billion deal has been announced between Israel and Egypt to export natural gas.
Technical University of Munich launches Africa initiative promoting sustainable development
06-12-2018 | 07:14:25
The Technical University of Munich in collaboration with African research and academic institutions has launched an Africa initiative.
Madagascar female sapphire miners to benefit from value addition training
06-12-2018 | 07:00:00
Female sapphire miners in Madagascar are among the nation’s hardest workers and poorest people, but their future is looking brighter, thanks to University of Queensland research.
South Africa -Tunisia Business Council mooted to boost trade and investment
06-12-2018 | 06:43:00
South Africa Deputy Minister for Trade and Industry has received the assurance of the Tunisian business people that they are keen and committed to the establishment of the joint South Africa-Tunisia Business Council.
World Bank announces $1 billion program to develop Egypt’s private sector
05-12-2018 | 13:48:23
The World Bank has announced a new US$1 billion program to support the second generation of Egypt’s reform program.
Nigeria government, investors set to benefit from Africa Trade Insurance Agency’s investment
05-12-2018 | 11:29:19
The Government of Nigeria and private sector investors are set to receive support that will help boost key industries such as the banking sector.
OFID invests $50 million to support Egypt purchase gas, petroleum products
05-12-2018 | 11:20:36
The OPEC Fund for International Development, OFID, has announced it is contributing $50 million to support Egypt’s purchase of crude oil, petroleum products and liquefied natural gas.
Central African Republic formalizes Afreximbank membership, deposits ratification document
05-12-2018 | 08:57:41
Central African Republic has formalized its membership of the African Export-Import Bank, Afreximbank.
AC Hotels by Mariott opens Cape Town hotel, the first in Africa and Middle East
05-12-2018 | 08:54:15
AC Hotels by Marriott, European-inspired lifestyle brand, has opened AC Hotel Cape Town Waterfront marking the debut of the brand in Middle East and Africa.
South Africa ratifies African Continental Free Trade Area
05-12-2018 | 06:42:52
South African parliament has ratified the agreement establishing the African Continental Free Trade Area.
[Cameroon] Africa50 acquires 15 per cent of equity in Nachtigal Hydropower Plant
05-12-2018 | 06:35:30
Africa50, the pan-African infrastructure investment platform, has acquired 15 per cent of the equity stake in the Nachtigal Hydro Power Company.
Senegal's industrial park open for business
05-12-2018 | 06:30:00
Forty kilometers from the capital, Dakar, a new industrial park has opened.
AfDB, Big Win Philanthropy, Dangote Foundation launch plan to improve child nutrition across Africa
05-12-2018 | 06:23:26
Working with Big Win Philanthropy and Aliko Dangote Foundation, the African Development Bank has unveiled a new Multi-Sectoral Nutrition Action Plan.
[Kenya] Panalpina expands facilities at Jomo Kenyatta International Airport
04-12-2018 | 14:00:21
Panalpina continues to expand and invest in Kenya, doubling its cold storage space at Nairobi’s Jomo Kenyatta International Airport.
[Gabon] Bolloré Logistics starts operations at new logistics hub
04-12-2018 | 13:56:34
Bolloré Logistics has opened a new logistics hub in Lastourville, Gabon.
Middle East,Turkey and Africa personal computing devices market to decline to lowest levels since 2009, study
04-12-2018 | 13:41:00
The Middle East, Turkey and Africa (META) personal computing devices (PCD) market, which is made up of desktops, notebooks, workstations, and tablets, will slump to its lowest levels in a decade next year.
Elanco Animal Health, Farm Radio International partner to support livestock farmers in Tanzania
04-12-2018 | 11:43:00
Elanco Animal Health and Farm Radio International have partnered to produce a 13-week series of radio programs to educate small-scale livestock farmers in North Tanzania.
[South Africa] Johannesburg remains Africa’s most popular city, Mastercard Index
04-12-2018 | 09:02:00
Johannesburg has emerged as the most popular destination city in Africa for the fifth consecutive year, according to the annual Mastercard Global Destination Cities Index.
[Nigeria] A.M. Best affirms credit ratings of Continental Reinsurance
04-12-2018 | 06:28:00
A.M. Best has affirmed the Financial Strength Rating of B+, Good, and the Long-Term Issuer Credit Rating of “bbb-” of Continental Reinsurance Plc Nigeria.
[Burkina Faso] Acacia Mining, Sarama terminate earn-in agreement for South Hounde project
04-12-2018 | 06:25:37
Gold mining multinational Acacia Mining has signed a binding conditional agreement with its partner, Sarama Resources Ltd., to terminate the earn-in agreement for the South Houndé Project in south-western Burkina Faso.
[Ivory Coast] Vantage Capital provides €19m mezzanine facility to Pétro Ivoire
04-12-2018 | 06:25:00
Vantage Capital, Africa’s largest mezzanine fund manager, has announced that it has provided €19 million of mezzanine funding to Pétro Ivoire, a leading distributor of oil & gas products in Côte d’Ivoire.
Domino's Pizza opens first store in Mauritius
04-12-2018 | 06:20:12
Domino's Pizza is continuing its global growth momentum with the opening of its first store in Port Louis, Mauritius.
Frost & Sullivan and AMIP to host healthcare meeting in Morocco
04-12-2018 | 06:10:13
Frost & Sullivan has co-organized with Moroccan Pharmaceutical Industry Association, AMIP, to host its very first Healthcare Meeting.
[Kenya] JinkoSolar supplies 55.7megawatts of solar panels to Garissa power plant
03-12-2018 | 13:40:35
JinkoSolar Holding Co., Ltd has announced that it supplied 55.7MW of high-efficiency modules to the Garissa Solar Power Plant.
AfDB and Africa Growing Together Fund to provide $200 Million support for Nigeria Electrification Project
03-12-2018 | 13:39:00
The Board of Directors of the African Development Bank Group has approved a $150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project.
Mauritania launches online investment guide targeting investors
03-12-2018 | 12:46:17
The online investment guide (iGuide) to Mauritania has been launched in the presence of the media and representatives of the public and private sector.
The World Federation of Exchanges and African Securities Exchanges Association sign deal to improve continent’s capital market
03-12-2018 | 12:42:28
The World Federation of Exchanges, WFE, the global industry group for exchanges and CCPs, has signed a memorandum of understanding (MOU) with the African Securities Exchanges Association, ASEA.
[Malawi] USTDA awards JCM contract for construction of solar power plant
03-12-2018 | 12:34:10
The U.S. Trade and Development Agency has awarded a grant to Golomoti JCM Solar Corporation (JCM), a Malawi-registered special purpose vehicle owned by JCM Power.
Norway commits $3million to market initiative for East Africa farmers
03-12-2018 | 12:28:32
The Government of Norway has announced its contribution to the Farm to Market Alliance, a global private-sector led initiative with the aim to make markets work better for smallholder farmers.
Nigeria is open for business, foreign investment - CBN Governor
03-12-2018 | 11:06:00
Central Bank of Nigeria Governor Mr Godwin Emefiele has reassured foreign investors that Nigeria is open for business, and their investments in the country will be protected.
Afreximbank signs MoU with Russian Railways and Russian Export Center
03-12-2018 | 06:27:00
The African Export-Import Bank has signed in Moscow a memorandum of understanding with Russian Railways and the Russian Export Center.
[Kenya Business Week] Leveraging the blue economy wave to boost national purse
29-11-2018 | 13:36:00
Kenya has this week successfully hosted the first global conference on blue economy that brought together over 16,000 delegates.